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Personal Loan & EMI Calculator

Calculate EMI for personal loans, business loans, and debt consolidation

Loan details

Amount, term, rate and fees

How much you want to borrow

%

Current average: 10-15% for personal loans

Loan Term

60 monthly payments

Processing Fee
%

Typically 1-3% of the loan - $20,000 here

Quick scenarios

Common starting points - tap to pre-fill

Saving keeps the scenario in this browser only. Nothing is uploaded, and no account is required.

Personal loan results

Your Estimated Monthly EMI

$22,244

Fixed payment for entire loan term

Principal Amount
$1,000,000
Total Interest Payable
$334,667
Total Amount Payable
$1,334,667
Interest % of Total
25.1%

What the fee really costs

Processing fee (2%)
−$20,000
Amount received
$980,000
Nominal APR
12.00%
True APRincludes all mandatory fees
12.89%

The fee adds 0.89% to your cost. Always compare the true APR, not just the headline rate.

EMI composition

What the whole loan costs, split between what you borrowed and what you pay for borrowing it

  • Principal75%
  • Interest25%
  • Principal$1,000,000
  • Interest$334,667

Nominal vs true APR

The gap is the cost of the fee - what you are really paying

Balance trajectory

Outstanding balance by year

Year-wise breakdown

How each year's payment is split, stacked to the full payment

Prepayment analyzer

What if you paid extra each month? Drag to see the new payoff date and the interest you would save.

$0
$0$50,000

Move the slider to compare paying more each month against keeping the loan to term.

Debt consolidation analyzer

Add what you owe today, then test whether one loan genuinely beats the pile.

%
%
%
%
Total debt
$1,000,000
Weighted avg rate
15.20%
Current payments
$23,927
New payment
$21,742

Consolidating saves $2,184 a month and $131,051 in total interest.

Amortization schedule

60 payments · every instalment split into principal and interest

60 of 60 rows

Amortization schedule for the selected personal loan, monthly view
#1 · Y1$22,244$12,244$10,000—$987,756
#2 · Y1$22,244$12,367$9,878—$975,389
#3 · Y1$22,244$12,491$9,754—$962,898
#4 · Y1$22,244$12,615$9,629—$950,283
#5 · Y1$22,244$12,742$9,503—$937,541
#6 · Y1$22,244$12,869$9,375—$924,672
#7 · Y1$22,244$12,998$9,247—$911,674
#8 · Y1$22,244$13,128$9,117—$898,547
#9 · Y1$22,244$13,259$8,985—$885,288
#10 · Y1$22,244$13,392$8,853—$871,896
#11 · Y1$22,244$13,525$8,719—$858,371
#12 · Y1$22,244$13,661$8,584—$844,710